Grasim Industries Ltd Share Price (GRASIM)

Grasim Industries' Low P/E Ratio Reflects Poor Earnings Performance - 15 Apr, 2024

Grasim Industries has a low P/E ratio of 27.2x due to poor earnings performance and anticipated EPS contraction by 68% in the coming year, according to nine analysts. The company's recent earnings growth has been inadequate compared to the market, leading shareholders to accept the low P/E as future earnings are unlikely to provide any pleasant surprises. There are also significant risks to consider.

Jefferies Retains Buy Call on Grasim Industries Amid Expected Q4 Profit Surge - 09 Apr, 2024

Grasim Industries is expected to see an 80% YoY surge in Q4FY24 net profit to ₹170 crore, while net sales are predicted to decline by 3.2%. Jefferies has retained its buy call on the company and set a price target of Rs 2,600 per share.

Grasim's B2B E-Commerce Unit Crosses Revenue Milestone - 08 Apr, 2024

Grasim Industries' B2B e-commerce unit, Birla Pivot, achieved a remarkable milestone of achieving Rs 1,000 crore revenue in its first year of operations. The achievement has placed the business unit as one of the fastest-growing entities to achieve such a milestone in the B2B e-commerce space. As a result, Grasim Industries' shares rose by 1.09%.

Grasim Industries Ltd's Earnings Disappoint Some Investors - 07 Apr, 2024

Grasim Industries Ltd's P/E ratio of 27x may be sending bullish signals, but its earnings have been going backwards lately. The reduced P/E could be due to poor earnings performance that investors think won't improve.

Grasim Industries Stock Falls After Stake Sale Via Bulk Deal - 05 Apr, 2024

Despite posting strong financial results, Grasim Industries' stock fell by around 1.5% following an international entity selling its stake via a bulk deal. A report also projected a 3% YoY revenue decline, but adjusted PAT is expected to grow by 80% YoY.

Grasim Industries Touches 52-Week High - 01 Apr, 2024

High-frequency trading firms have been active in small, illiquid stocks like Grasim Industries, which touched a 52-week high.

Grasim's Paints Business to Turn Profitable in Third Year of Operations - 29 Mar, 2024

Aditya Birla Group Chairman Kumar Mangalam Birla has stated that Grasim's paints business will turn profitable in the third year of operations and cross a topline figure of 10,000 crore. However, brokerage firm Investec has expressed concerns about Grasim's entry into the paint market and its impact on established pricing norms.

Grasim's Birla Opus poses downside risk to Asian Paints - 23 Mar, 2024

Grasim's new paint brand, Birla Opus, is priced at a discount of around 5% for most products compared to industry leader Asian Paints. Jefferies expects competition in the Indian paints sector to intensify and sees downside risk to Asian Paints' earnings-per-stock over the next two years.

Grasim Launches Birla Opus; Upsets Incumbent Players - 22 Mar, 2024

Grasim Industries' entry into the oligopolistic paints market with the launch of their eagerly awaited brand, Birla Opus, has triggered a selloff in incumbent players' stocks. Brokerage firm Investec has a pessimistic view of paint companies as Grasim's entry might disturb established pricing norms.

Grasim Raises Funds for Paint Manufacturing Investment - 20 Mar, 2024

Grasim Industries has raised INR 1250 crore from International Finance Corporation (IFC) through non-convertible debentures for its recently launched paint business, Birla Opus. The company aims to build six manufacturing plants in India by 2025 and have a higher usage of renewable energy and water recycling at its facilities.

Grasim Secures Investment for Decarbonisation Drive - 19 Mar, 2024

Grasim Industries has raised Rs 1,250 crore through sustainability-linked non-convertible debentures from the International Finance Corporation (IFC) to increase adoption of renewable energy and water recycling in its paints manufacturing process. The investment will help Grasim accelerate its decarbonisation efforts. Shares closed 1.4% lower at Rs 2,171.3 apiece on NSE.